PCM Fund (NYSE:PCM) Shares Pass Below Two Hundred Day Moving Average of $11.24

Shares of PCM Fund, Inc. (NYSE:PCM) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.24 and traded as low as $11.32. PCM Fund shares last traded at $11.35, with a volume of 706 shares traded.

The stock’s fifty day simple moving average is $11.10 and its two-hundred day simple moving average is $11.24.

The firm also recently announced a — dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a dividend of $0.08 per share. This represents a yield of 8.7%. The ex-dividend date was Thursday, September 12th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of PCM Fund by 7.4% in the 2nd quarter. Bank of America Corp DE now owns 143,857 shares of the investment management company’s stock valued at $1,628,000 after purchasing an additional 9,905 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of PCM Fund by 138.0% in the 2nd quarter. Advisor Group Inc. now owns 96,998 shares of the investment management company’s stock valued at $1,099,000 after purchasing an additional 56,240 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV boosted its stake in shares of PCM Fund by 9.0% in the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 81,375 shares of the investment management company’s stock valued at $921,000 after purchasing an additional 6,700 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of PCM Fund by 2.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 62,177 shares of the investment management company’s stock valued at $703,000 after purchasing an additional 1,259 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of PCM Fund by 37.7% in the 2nd quarter. Wells Fargo & Company MN now owns 17,863 shares of the investment management company’s stock valued at $202,000 after purchasing an additional 4,886 shares during the last quarter. 8.98% of the stock is currently owned by hedge funds and other institutional investors.

PCM Fund Company Profile (NYSE:PCM)

PCM Fund Inc is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.

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